BBMG Group: Net profit in the first half of the year was RMB410 million, representing a year-on-year decrease of 77.66%

24, Jinyu Group (601992) announced that its operating income in the first half of the year was 49.136 billion yuan, down 10.72% year-on-year, and its net profit was 410 million yuan, down 77.66% year-on-year. In the first half of 2023, the main business income of the

new green building materials segment was RMB38.72 billion, representing a year-on-year decrease of 0.8%, and the profit was RMB-240 million, representing a year-on-year decrease of 111.6%.

The cement business maintained its strategic focus, strengthened marketing, took the initiative and actively sought to break the situation. The comprehensive sales volume rose against the trend, and the sales volume of cement and clinker was 43.96 million tons (excluding joint ventures and associates), an increase of 14.39% over the same period last year; In particular, the sales volume of cement was 40.21 million tonnes and the sales volume of clinker was 3.75 million tonnes. The consolidated gross profit margin of cement and clinker was 10.58%, representing a year-on-year decrease of 12.4 percentage points. The concrete business effectively reduced costs and increased efficiency, and the quality of operation was significantly improved. The sales volume was 6.87 million cubic meters, representing a year-on-year increase of 33.9%, and the gross profit margin of concrete was 14.3%, representing a year-on-year increase of 7.3 percentage points. The new materials business insisted on stable production and supply, seizing orders, dynamic price adjustment and precise policy implementation to improve the profitability of enterprises, achieving revenue of 6.1 billion yuan, an increase of 17% over the same period last year, and gross profit rate of 14.1%, an increase of 0.5 percentage points over the same period last year.